Vietnam, India to increase trade to 7 billion USD
(VOVworld)- Trade ties between Vietnam and India are developing fast, approaching the target of 7 billion USD in two-way trade by 2015. Vietnam’s Trade Counsellor to India Nguyen Son Ha notes that India is one Vietnam’s top ten trade partners, and Vietnam is India’s forth biggest partner within ASEAN. Ha said that a Joint Sub-Committee on Trade between the Vietnamese Ministry of Industry and Trade and the Indian Ministry of Commerce and Industry meets every year to discuss issues of mutual concern. The two countries have also regularly organised Vietnam – India Business Forums as well as trade fairs and exhibitions, creating chances for business owners to seek new partners and investment opportunities. A direct air route is also expected to open soon to facilitate trade, tourism and cultural exchanges.